Research Nester published a report titled “Diagnostic Imaging Equipment Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global diagnostic imaging equipment market in terms of market segmentation by product, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global diagnostic imaging equipment market is segmented by product into computed tomography (CT) scanners, nuclear imaging (NI) equipment, magnetic resonance imaging (MRI) systems, ultrasound scanners, x-ray devices, and others, out of which, the x-ray devices segment is projected to hold the dominating share by the end of 2021, owing to the painless and non-invasive diagnosis properties of X-ray devices, along with the wide adoption of the equipment in medical diagnosis practices.
The global diagnostic imaging equipment market is anticipated to grow with a notable CAGR during the forecast period, i.e., 2021-2029 owing to the increasing technological advancements in the field of medical imaging, coupled with the growing geriatric population around the globe and the need for medical diagnosis. Additionally, increasing popularity of diagnostic imaging and radiology services, and rapid advancements in medical imaging technology, are some of the factors anticipated to contribute to the market growth in the coming years.
Regionally, the global diagnostic imaging equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa regions, out of which, the market in North America is projected to grab the largest market share by the end of 2029, owing to the increasing awareness amongst individuals for early detection of diseases, rising demand for advanced medical imaging systems in the region, and the need for quality healthcare services amongst individuals.
Increasing Concern Amongst Individuals for Chronic Diseases and the Need for Early Diagnostics to Expand the Growth of the Market
The Centers for Disease Control & Prevention (CDC), in one of its statistics, stated that in the United States, out of ten adults, six of them have a chronic disease.
Chronic diseases are one of the leading causes of death around the world. Owing to the increasing number of patients suffering from chronic diseases worldwide, there is a rising need amongst individuals to diagnose the diseases at an early stage. Early diagnosis of chronic diseases helps the patient to recover at a faster pace. As a result, there is a growing demand for medical imaging amongst the individuals, which is raising the need amongst the healthcare service providers to increasingly deploy diagnostic imaging equipment. Moreover, increasing advancements in research and development in the field of medical imaging equipment, along with the development of technologies, such as 3T MRI, digital PET equipment, NEMA XR-29 standard attributes (MITA Smart Dose) for CT equipment, 3D mammography, and others are some of the additional factors anticipated to drive the market growth in the coming years.
However, the high cost of diagnostic imaging equipment and the concerns for the high radiations emitted from these imaging equipment are expected to operate as key restraint to the growth of global diagnostic imaging equipment market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global diagnostic imaging equipment market which includes company profiling of Siemens Healthcare GmbH (OTCMKTS: SMMNY), General Electric Company (NYSE: GE), Koninklijke Philips N.V. (NYSE: PHG), Canon Medical Systems Corporation, Carestream Health, Hitachi Healthcare Americas Corporation, Hologic, Inc. (NASDAQ: HOLX), Samsung Medison Co., Ltd., Shimadzu Corporation (TYO: 7701), and FONAR Corp. (NASDAQ: FONR). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global diagnostic imaging equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.